★★★★ Morningstar RatingTM (EBHIX)
Out of 96 funds as of 9/30/2017 in the managed futures category based on risk-adjusted three-year returns. Morningstar RatingsTM and rank do not account for sales charges.*
The Equinox BH-DG Strategy Fund seeks to benefit from diverse opportunities in the liquid futures and foreign exchange markets while maintaining portfolio liquidity.
Prospectus Objective: The Equinox BH-DG Strategy Fund seeks to achieve long-term capital appreciation through exposure to one or more managed futures trading programs offered by BH-DG Systematic Trading LLP.
Accesses a diverse range of over 100 liquid equity index futures, commodity futures and foreign exchange markets
A systematic, medium-term trend-following strategy that utilizes a suite of systematic models and a rigorous risk management process
Discretionary trading experience and fundamental research are strong inputs into system development and execution.
Leverages BH-DG research and development team’s expertise in modelling, trading, risk management and algorithmic trading
Futures Trading Style
Trend-Following: A strategy that seeks to profit from buying when models indicate that prices are trending up, and by selling when prices are indicated to be trending down. In general, pure trend-following models focus almost exclusively on the current price relative to some specified measure of historical prices, such as a moving average.
For more information on futures trading styles, see the following links:
- Insights: CTA Trading Styles
- Insights: PCA - A Tool for Analyzing and Describing CTA Programs
Definitions of Terms and Indices can be found within the glossary.
The Equinox BH-DG Strategy Fund trades a diverse range of over 100 liquid equity index futures, commodity futures and foreign exchange markets.
Performance attribution by sector — as of Oct 31, 2017
Sector attribution numbers have been rounded for ease of use. Performance includes fixed income and is net of fees. Past performance does not guarantee future results.
Fund exposure by futures strategy — as of Oct 31, 2017
|As of Dec 12, 2017||As of Sep 30, 2017|
|Fund Name||1 month||ytd||quarter||1 year||3 years 1||5 years 1||since
Equinox BH-DG Strategy FundClass I (inception: Dec 31, 2013)
1Annualized, unless the Fund has less than a year of performance where the numbers shown are cumulative total return.
SEE PERFORMANCE AND EXPENSE DISCLOSURES BELOW.
Performance and risk versus benchmarks — as of Nov 30, 2017
|Fund/index||1 month||ytd||2014||2015||2016||Cumulative Return†||Annualized ROR†||Maximum Drawdown†||standard deviation†||Correlation
Equinox BH-DG Strategy FundClass I
Long Only Commodities 1
Managed Futures 3
Fixed Income 4
1 S&P500 GSCI® Index
2 S&P 500® Total Return Index
3 Barclay BTOP50 Index®. The index does not encompass the whole universe of CTAs. The CTAs that comprise the index have submitted their information voluntarily. Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.
4Barclays Capital Aggregate Bond Index®
†ROR is Rate of Return. Standard Deviation is annualized. See glossary for definitions of drawdown, standard deviation and correlation.
Investors are not able to invest directly in the indices referenced in this illustration and unmanaged index returns do not reflect any fees, expenses or sales charges. The referenced indices are shown for general market comparisons and are not meant to represent the Fund.
SEE PERFORMANCE AND EXPENSE DISCLOSURES BELOW.
Performance of a hypothetical $10,000 investment — Jan 2014 to Nov 2017
Managed Futures: Barclay BTOP50 Index®. The Barclay BTOP50 Index® does not encompass the whole universe of CTAs. The CTAs that comprise the index have submitted their information voluntarily. Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees, expenses or sales charges.
SEE PEFORMANCE AND EXPENSE DISCLOSURES BELOW.
Sources: Gemini Fund Services, LLC, PerTrac Fund Solutions, LLC.
Equinox Investment Philosophy and Process
At Equinox Funds, we believe that alternative and traditional investment portfolios built around rigorous diversification and dynamic risk management can add long-term value to an investment strategy. With this philosophy in mind, the Equinox portfolio management team employs the following six-step investment process:
Throughout the process, our goal is to provide investors with high-quality alternative investment portfolios that — when added to an asset allocation strategy — can potentially reduce risk and enhance returns over time.
Portfolio Management Team
Dr. Ajay Dravid
Chief Investment Officer, Equinox Institutional Asset Management, LP
Managing Director of Portfolio Strategy, Equinox Fund Management, LLC
As Managing Director of Portfolio Strategy at Equinox Fund Management, Dr. Dravid is involved in day-to-day portfolio and risk management for all of Equinox Funds' offerings. In addition, Dr. Dravid is involved in the development and the structuring of new products... | MORE